Sensex, Nifty rebound after days of downtrend

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Equity benchmark indices Sensex and Nifty bounced backmost connected Tuesday (November 19, 2024) aft days of downtrend connected value-buying astatine little levels and rally successful blue-chip stocks HDFC Bank, Tech Mahindra and M&M.

Continuous buying by home organization investors besides supported the indices, traders said.

Snapping its 4 days of decline, the BSE benchmark Sensex climbed 239.37 points oregon 0.31% to settee astatine 77,578.38. However, fag-end diminution successful Reliance Industries restricted the marketplace rally. During the day, it zoomed 1,112.64 points oregon 1.43% to 78,451.65.

The NSE Nifty besides bounced backmost aft falling successful the past 7 trading days. It went up by 64.70 points oregon 0.28% to settee astatine 23,518.50.

From the 30-share Sensex pack, Mahindra & Mahindra, Tech Mahindra, HDFC Bank, Titan, Tata Motors, UltraTech Cement, Power Grid and Infosys were the biggest gainers.

In contrast, Reliance Industries, State Bank of India, Bajaj Finserv, Maruti, Tata Steel and Bharti Airtel were among the laggards.

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹1,403.40 crore connected Monday (November 18, 2024), portion Domestic Institutional Investors (DIIs) bought shares worthy ₹2,330.56 crore, according to speech data.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled higher.

European markets were trading lower. The U.S. markets ended mostly higher connected Monday (November 18, 2024).

Global lipid benchmark Brent crude dipped 0.25% to $73.12 a barrel.

The 30-share BSE benchmark dropped 241.30 points oregon 0.31% to settee astatine 77,339.01, registering its 4th time of diminution connected Monday (November 18, 2024). Falling for the seventh time successful a row, the Nifty dipped 78.90 points oregon 0.34% to 23,453.80.

Leading banal exchanges BSE and NSE person declared a trading vacation connected November 20 for assembly elections successful Maharashtra.

Published - November 19, 2024 04:43 p.m. IST

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